DORCHESTER WEALTH MANAGEMENT Co Has $6.56 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

DORCHESTER WEALTH MANAGEMENT Co decreased its position in Microsoft Co. (NASDAQ:MSFT) by 28.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,241 shares of the software giant’s stock after selling 6,185 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Microsoft were worth $6,558,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Swedbank AB acquired a new stake in shares of Microsoft in the 1st quarter valued at about $5,587,119,000. Wulff Hansen & CO. raised its stake in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after buying an additional 4,824,436 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Microsoft by 31,648.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after acquiring an additional 1,865,996 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its holdings in Microsoft by 128.4% in the second quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock worth $1,412,656,000 after acquiring an additional 1,776,825 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MSFT shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. UBS Group upped their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group cut their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Citigroup lowered their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $508.46.

Microsoft Trading Down 0.1 %

Shares of MSFT stock opened at $436.60 on Friday. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $427.02 and a 200-day moving average of $428.32. The firm has a market cap of $3.25 trillion, a P/E ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the business posted $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.